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AmBev Upgraded To 'A-' From 'BBB+', As Strong Cash Flows Mitigate Volatility Risk Jun 11
Standard & Poors, June 2011
Abstract
AmBev's prudent financial policies and the strength of its beverage business in the Americas have supported resilient cash flows and conservative credit metrics. We are raising our corporate credit rating on AmBev to 'A-' from 'BBB+'. The outlook is stable. We assume that AmBev has the capacity and willingness to continue servicing its debt even if Brazil enters a stress scenario, and that it will keep its international debt low. SAO PAULO (Standard & Poor's) June 17, 2011--Standard & Poor's Ratings Services said today that it raised its corporate credit rating on Brazil-based beverage company AmBev - Companhia de Bebidas das Am-ricas to 'A-' from 'BBB+'. The outlook on the rating is stable. 'The upgrade reflects our comfort that the...
Companies mentioned in this report are: AmBev - Companhia de Bebidas das Americas,Anheuser-Busch InBev N.V./S.A.,Ambev International Finance Co. Ltd.
Action: Outlook: Stable
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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